11:10 GMT +313 December 2019
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    A Russian ruble coin is pictured in front of St. Basil cathedral in central Moscow

    Russia-Turkey Thaw Will Not Affect Ruble Exchange Rate - Bank of Russia

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    The Bank of Russia does not expect the potential full scale restoration of Moscow's ties with Ankara to have any significant effect on the ruble exchange rate, the bank's governor, Elvira Nabiullina, said Thursday.

    MOSCOW (Sputnik) — On Wednesday, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan held a phone conversation for the first time in more than seven months. The leaders agreed to restore cooperattion, inluding in the spheres of trade, tourism and the fight against terrorism.

    On Monday, Turkish President Recep Tayyip Erdogan sent a letter to Russian President Vladimir Putin to express regret and send condolences for the November 2015 downing of a Russian Su-24 bomber in Syria by Turkey.

    "We have not seen much influence on the rate yet. We do not think that this will have an impact and lead to any increased level of rate volatility. Other consequences need to be considered. This is a recent decision, a recent intention, it is necessary to work more closely on it," Nabiullina told reporters.


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